Sarasota, FL, Aug. 10, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “3D Camera (Free Camera, Target Free Camera and Others) Market by Technology (Structured Light, Time of Flight and Stereo Vision) for Smartphone, Cameras, Computer, Tablets, Notebook PC and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2021.” According to the report, the global 3D camera market accounted for USD 1.25 billion in 2015 and is expected to reach USD 7.89 billion by 2021, growing at a CAGR of around 35% between 2016 and 2021.

3D camera captures three-dimensional images by enlarging overall visual application of a photograph. 3D cameras have more than two lenses with separate sensors. It acts as a human binocular vision and hence able to capture three-dimensional images.

Rapid technological advancement and improved visual applications are expected to fuel the growth of 3D camera market across the world. Demand for 3D camera is increasing at rapid pace as compared to digital camera. However, increasing concern regarding cost is expected to affect the growth of this industry over the forecast period. Moreover, lack of awareness among end-users about this technology is also expected to prohibit the growth of 3D camera market.

Target-free camera has largest market share in total revenue generated by global 3D camera market in 2015.Professional cameras majorly used in the media and entertainment owing to its ability to record real life scenario. Stereo camera technology is useful for taking 3D still photographs with two lenses. Smart phone is the largest application segment in 3D camera market across the globe. Smartphones are available at lower cost with 3D technology is expected to fuel the growth of 3D camera market over forecast period.

North America was followed by Europe in terms of demand for 3D camera in 2015. Europe is emerging as a rapidly growing market for the 3D market. Increasing preference for more sophisticated and advanced technology in UK, France and Germany is likely to fuel the growth of this industry during the next five years.

Asia Pacific is expected to be the fastest growing regional market for the 3D camera during the forecast period. Exponential growth in purchasing power of middle class people in India, China and other emerging economies is expected to result into enormous growth of 3D camera market.

Increasing use in home automation and home security is driving the demand for 3D camera in Latin America. Improvement in the purchasing power of people in Brazil it is expected to further increase the demand for 3D camera during the forecast period i.e. 2015 to 2021.

Middle East and Africa is also one of the important regional markets for 3D camera. Technological development in the Middle East will open up new opportunities in the near future. Economic growth of countries such as Saudi Arabia, South Africa, Egypt, UAE, etc. is expected to boost the demand for 3D camera in the region. However, political unrest is expected to hamper growth of the industry to some extent.

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